Re: [CANSLIM] Cheap?

From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Cheap?
Date: Sun, 14 Jul 2002 19:53:27 -0700

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lois-I dont understand the chart exactly-top down, bottom up.Can you point
to the figure I should be looking at.  I'd like to email the columnist if
his figures are that far off.  Thanks zilla
- ----- Original Message -----
From: "Lois" <ldibbs@comcast.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, July 14, 2002 5:33 PM
Subject: Re: [CANSLIM] Cheap?


> zillagirl,
>
> http://www.spglobal.com/earnings.html
>
> Lois
>
>
>
>
> zillagirl wrote:
> >
> > There is quite an extensive article in the L.A. Times today about the
> > markets.  In there it states that " the average stock in the S & P 500
is
> > priced at about 19 times this years expected earnings per share, by many
> > wall street estimates.  That is far above the historical average
> > price -to -earnings ratio of about 14." I think I like these numbers a
> > little better.  What's up-am I missing something here?
> > ----- Original Message -----
> > From: "Tom Worley" <stkguru@bellsouth.net>
> > To: <canslim@lists.xmission.com>
> > Sent: Saturday, July 13, 2002 7:06 PM
> > Subject: Re: [CANSLIM] Cheap?
> >
> > > I make no investment decisions, or even select stocks for watching, on
the
> > > basis of their history. The market, and stock prices, moves on
> > expectations.
> > > Those expectations are based on projected earnings, not what they did
last
> > > year, or five years ago.
> > >
> > > ----- Original Message -----
> > > From: "Rocky Sanghvi" <rs@mylodestar.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Saturday, July 13, 2002 9:41 PM
> > > Subject: RE: [CANSLIM] Cheap?
> > >
> > >
> > > Lois,
> > >
> > > This was one of the news items on the nasdaq.com website frontpage.
If
> > you
> > > wish to see it you need to go to nasdaq.com and scan some of the older
> > news
> > > items.
> > > This was was from the Dow Jones News Wire.
> > >
> > > Best Wishes
> > > Rocky
> > >
> > > PS Tom - I am not sure why we shouldnt look at trailing earnings as a
part
> > > of your overall investment outlook.  Yes maybe not CANSLIM (which only
> > looks
> > > at future earnings) but if we are looking at charts and history we may
as
> > > well consider historical facts such as what the news item was
referring
> > to.
> > >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois
> > > Sent: Saturday, July 13, 2002 9:54 AM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] Cheap?
> > >
> > >
> > > Rocky,
> > >
> > > Would you be so kind as to post a link for the info below?
> > >
> > > TIA,
> > > Lois
> > >
> > > Rocky Sanghvi wrote:
> > > >
> > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65
> > > >
> > > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard &
Poor's
> > > 500
> > > > index at the close of trading Friday, July 12, was 37.31.
> > > > Thursday, the ratio was 37.65.
> > > >
> > > > The lowest price/earnings ratio on the S&P 500 came in the second
> > quarter
> > > of
> > > > 1949, when the reading slipped to 5.9. Over the last decade, the low
was
> > > > 15.77 in the first quarter of 1995.
> > > >
> > > > The price/earnings ratio, known as the multiple, is a measure of the
> > > average
> > > > stock price divided by the average earnings per share. The earnings
data
> > > is
> > > > based on the trailing four quarters.
> > > >
> > > > -
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Previous Article (by Author): Re: [CANSLIM] Too Much Building "zillagirl"
Top of Thread: RE: [CANSLIM] Cheap? "Fred Richards"
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